RTTNews | Dec 7, 2020 10:02AM EST

10:02 Monday, December 7, 2020 (RTTNews.com) - Diversified industrial manufacturing company Ingersoll Rand Inc. (IR) Monday said it will acquire the assets of Tuthill Vacuum and Blower Systems for $184 million in cash, to further strengthen its IT&S segment. The deal is expected to close in the first quarter, subject to required regulatory approvals and necessary third-party consents.

Upon completion of the deal, the employees and brands of the acquired business will join the Ingersoll Rand Industrial Technologies and Services (IT&S) segment.

The acquisition of Tuthill Vacuum and Blower Systems, which has about 160 employees and annual revenue of about $60 million, will expand Ingersoll Rand's vacuum offering and application expertise and global blower channel coverage.

Read the original article on RTTNews ( https://www.rttnews.com/3151464/ingersoll-rand-to-buy-tuthill-vacuum-and-blower-systems-assets-for-184-mln-cash.aspx)

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